What kind of cryptocurrency do you use? Do you prefer Bitcoin, Ethereum or maybe Bitcoin Cash? Apart from the most popular cryptocurrencies, there are many altcoins out there, so it can be hard to decide which ones to use.
Because of this, our team reviews everything related to the universe of cryptocurrency. Today, we are going to review BitCloud.
What is BitCloud?
BitCloud is a decentralized digital currency that can be used anywhere. The company boasts that they are not regulated by any country, but by the collective of individuals. It offers a full encrypted and fast payment system for its users.
So… it’s like Bitcoin, but less expensive. Basically, BitCloud is an alternative cryptocurrency that you can use for the same things you can use any of them.
To prevent inflation, only a limited number of 200 million Bitclouds will ever exist.
How does BitCloud work?
BitCloud works with blockchain using a Quark algorithm and the tag BTDX. They use services like InstantX and PrivateSend to protect their users. InstantX propitiaties almost instantaneous transactions and PrivateSend makes the whole process anonymous.
A server called the masternodes process the data. For a user to set up a masternode, he has to have more than 10.000 BTDX and a static IP.
How to Invest in BitCloud?
It’s very easy to invest. First, you have to set up a wallet by downloading the BitCloud Wallet. Register with a valid email and you’re good to go. After you have done that you can either buy BTDX or help to mine it to receive more coins.
You can also receive BTDX by trading it or by setting up a masternode and processing transactions.
At the time of this report, 1 BTDX would cost $0,83 USD or 0.00011293 BTC.
The BitCloud Verdict
It’s still very early to tell for sure if investing in is a very good idea. This new cryptocurrency definitely seems like it has some future, but at the same time, there are other more popular currencies offering almost the same service.
Because of this, you have to weigh the sides: the positive one is that BitCloud is still new and have plenty of space to grow in the future, so you can buy cheaply now and in the future they will be worth way more money.
On the negative side, no one can guarantee that BitCloud will ever become more valuable. Maybe this cryptocurrency will tank it’ll have no future.
So, if you think that BitCloud is a good investment, go for it, but keep an eye on the market to see if you are making some profit. There’s a decent chance that this investment will pay well with time.